I submitted a binding arbitration application for last year's property value. I just heard back from the comptroller that the application has been accepted and I am now in a 45 day period of negotiation with HCAD. If we can come to an agreement, the new value will be set and I receive my $500 deposit back (minus a $50 administration fee). After the 45 days, an arbitrator will selected and we'll move forward with the arbitration.

Has anyone done this before? Should I contact them to negotiate or will they contact me? I feel like it would be fruitless since we already tried to negotiate twice - in the informal and formal hearings.

I haven't done it, but am interested to hear your outcome. Good on you for not bending over and taking it from them. Good luck!

I mean, is it worth it to you to save $450?

I'm not sure what you mean. I'm just wondering, for those who have done this before, did HCAD contact you with a settlement offer within the 45 day window? Or did you contact them?

Ive seen both. If you want to try to settle, contact them, because they might never contact you at all.

JJxvi said:

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because they might never contact you at all.

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I'd reach out to them as well

Bassmaster said:

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I haven't done it, but am interested to hear your outcome. Good on you for not bending over and taking it from them. Good luck!

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They ended up calling me and we settled over the phone. So sadly I won't be able to share the experience of going to arbitration.